Insights

Despite renewed bubble concerns, today’s technology sector still looks nothing like the dot-com era’s. The Nasdaq’s five-year gain is only about one-ninth of the late-1990s surge, and technology stocks are trading at valuations that remain far below the extremes reached in 2000.

Wall Street continued to rally with equities ending last week on a strong note. The S&P 500 and the NASDAQ closed at record highs, driven by robust corporate earnings, a potential end to the U.S. military involvement in Iran, and easing crude oil prices.